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The power sector — like other industries — is going green at an accelerating pace. It’s still not nearly fast enough. Governments must goad and drive the private sector horses faster. But they should not step off the driver’s seat and try to pull the coach themselves.

Schuldschein, US PP, Euro PP

In this round-up, China lifted its 2018 GDP by 2.1% after the fourth census, the Chinese Ministry of Finance (MoF) will add a tap to its sovereign bonds sold in June and Hong Kong wrapped up its district council elections on Sunday.

In this round-up, US president Donald Trump threatened to raise tariffs again if a phase one deal is not reached, China is planning to set up a fund to promote its manufacturing industry and the US Senate passed the Hong Kong Human Rights and Democracy Act.

In this round-up, the China Europe International Exchange (Ceinex) is working on establishing a Stock Connect scheme between China and Germany, the National People’s Congress criticises the Hong Kong High Court’s decision around the anti-mask law and the People’s Bank of China lowers its benchmark interest rates.

Axa’s proposal this week that the European Union should create a €500bn joint borrowing vehicle for climate change could easily be dismissed as pie in the sky. So it is, for now.

I may be a mature, wise gentleman the majority of the time, but I admit that even I have my moments of childish fun.

Indian borrowers that tapped the international loan market this year found mixed responses — with their deals either sailing through without a hitch or struggling to gain traction among banks. This sends an ominous signal to companies preparing offshore loans for next year.

Saudi Aramco’s decision to make its IPO a local affair, with no international marketing, is a lacklustre end to what is nonetheless a huge capital markets event. Unrealistic objectives and hype have taken the shine off a monumental deal.

In this round-up, top negotiators from China and the US held a phone call on Saturday, the China Securities Regulatory Commission (CSRC) accused CEFC Shanghai Securities Co of illegal activity and the Hong Kong police stormed the city’s Polytechnic University after a tense weekend.

In this round-up, US president Donald Trump threatened to raise tariffs on China if the phase one deal is not reached, two Republican senators took action to speed up the passing of the Hong Kong Human Rights and Democracy Act and Chinese president Xi Jinping wrapped up a state visit to Greece.

In this round-up, Alibaba Group Holding’s Singles’ Day sales hit a record high, industrial production growth and credit growth both slowed in October and Standard Chartered’s Renminbi Globalisation Index reached a year-to-date high.